KUALA LUMPUR: Marine & General Bhd
(M&G) recorded net loss of RM28.34 million for the monetary yr ended April 30, 2022 in contrast with the earlier yr.
However, income for the yr jumped 17 per cent to RM219.6 million vis-a-vis 2021.
For the fourth quarter ended April 30, 2022, M&G returned to the black and chalked up a net revenue of RM3.5 million versus a net loss of RM10.27 million.
Its income for the interval beneath evaluation improved to RM63.24 million from RM46.79 million, the corporate mentioned in a submitting with Bursa Malaysia right this moment.
In a separate assertion, M&G mentioned its income confirmed an enchancment of 35.2 per cent in comparison with the income recorded within the previous yr’s corresponding quarter.
“Fleet utilisation for each upstream and downstream division elevated to 67 per cent and 86 per cent respectively in comparison with the previous yr’s corresponding quarter.
“The upstream division continued as the principle income contributor for the quarter, producing 77 per cent of group income, whereas the downstream division generated the stability 23 per cent,” it added. – Bernama
